June 03, 2015
Mark F. Spangler, The Spangler Group, Inc.
SANCTION AMOUNT: $4,078,595
Defendants: The Spangler Group, Inc.
Mark F. Spangler
Former investment advisor and his advisory firm charged with defrauding investment clients by secretly investing their money in two risky start-up companies that defendant co-founded. Approximately $47.7 million of client money was allegedly funnelled into these private ventures, which were inconsistent with promised investment strategies and investors' objectives. The diversion was concealed for years.
- Key Docs
- Official SEC press release